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Fiday October 30 1998 - North Shore News - 51

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educe the risk

BLOCKHEADS, dolts
and fools — it appears
the world is full of
them.

Int the past week Pve
the pleasure of hearing some
opinions about real estar ay
2d investment from some of
the above. This prestigious
group, all people T talked te
individually, involved a
banker, 2 dentist, a realtors a
financial planner and two
Jetual owners of investment
real estate.

After listening to their
educated and learned opin-
tons, Tow understand the
trustration and contempt
that the Wright Brothers,
Galileo, Edison and other
innovative thinkers mast have
tel.

There are no greater
iabeciles, in av humble
opinion, than those whe
have the uniest scraps of
information, offen based on
hearsay, who then form fudg-
ments aad opinions on tha
second band imtusmation and
then have the arrogance to
disseminate their anatvar

and seriously flawed points of

VICW as stitemenits OF fact.

Vo add further insult ther
assume the rele of “expert”
and advise others on what
they should or should not
do.

Now, | realize that the
general public regards real-
Tors as an industry shehily
below snake charmers (my
apologies to the snake). This
belief is aseuious public mis-
understanding

Noa, this is por a column
professing the qualities of
realtors -~ Vil get to that
topic in the weeks to came
but there is one aspect of
being a realtor that the pub-
lic just docs not understand.

Reakors, through recent
court decisions, are held as
one of the mos “account
able” trades in our society. A

woperty
lines
realtor, by law, ts held
accountable tor what he/she
sacs. Thus, ita realtor offers
an opinion on a property
they are held accountable,
through legal action, for the
truthtulness of that remark.
IT know of ne other inidas-
swhere this level of

countability and: due care ts

demanded. §
ascording to 2 recent legal
brict Tread. are not tel to
this tevel of acount cbility,
bugaginig a skilhd and
competent realtor, witether
in busiag a home or an
TIVESMENT property, iy one
or the smartest dings voit
ean do. Whe PTD graphically

on hawvers,

point this out in the weeks ta

Lome.

Now devs look at seme
common real estate myths
that keep people poor.

@ fnvesting In Real Estate
Is Too Risky.

Nonsense! A real estate
investment based on knowl
edge and due care has
proven to be one of the best
and lowest risk non-guaran-
teed investments vou can
make in building turure
wealth. Ifyou do not ander:

stand this, blame vour hack of

knosiedge, not real estaie.
B Too Many Tenant
Problems.

To believe this vou must
have bought inte the 2% the-
ory. Were vou ever a renter?
Did vour friends ever rent?
Were they destructive and a
constant headache to their
landlord? T bet not. 98% of
renants are wondertil caring
people. Less han 2% are nor,

andlard. i free Gs owl

te awed that fess ut B Yoo Late To Invest To
the mek. and all thar requires Get A Good Return.
masome basi cducanon Bow have f feard this a
1 Cannot Attord The reusand dime and ies cub
High Monthly Payments. bes. When vou book at

Who cin? OR marbe a things in ther proper per
tew can, but mot che map arity spective that as annual
ous. Even inthe Lower INCUME, TENE, Mortgage
Mainhand today, there are avadals Sty, ttcrest rates and
excellent properties vou cin peice sou will seo chat now,
acquire that will not show t 1998. sa more advanta
negative monthly cash flow. EeOuS HIME TO Acquire IM Est
‘Yo the uninformed that mar ment property than in the
seem unlikely, To the rest or last 20 vears. Tt as se essential

tosce thy big pacture and
vot get dag ht up our the
dype

For these ot yeu whe
Deli Se gOUCPINICHE SUITALCS,
the overall consumer price
Indes cusing PISO as the
base vent has gene up 38":
te 1995 Housing. in che
same period, has risen 28.8%)

Most people would not
believe this stanstical fet, vet
according to the Greater
Vancouver Regional District,
it’s true. Real estate values

ig in the future

base net anthared as fst ats
the othe: Pad nds an the con
SUIT prige Inde,

foo hate? How ash. ft has
seldom been beter.

@ ii Is Not Part of My
Financial Plan.

Did veu know that in
obtaining a read estate
license there iy basically nu
education on what makes
for asound real estate invest
ment? Did vou know tharin

See We pawe 66

Rebuilding the past

LONGTIME North Shore residents Cart Spark (left), Eric Crossin, and Harold Fromme (right) along with GVRD
worker, Mike Algar (second from right) worked last Saturday to recreate a log flume in the Seymour
Demonstration Forest simitar to the type which used to run through Lynn Valley.

Sed

NEWS photo Paul McGrath

SC |Feature Listing

1253 - 1275 3rd

Lower B.P. townhomes

Spacious British Properties townhomes located minutes to

Park Royal. Fully fenced with remote controlled security gate.

Almost 2300 sq.ft. on two fevels, 1500 sq.ft on main, 800 sq.ft.

up, featuring four bedrooms, four bathrooms (two ensuite),

vaultad ceilings, skylight, built-in vacuum and sprinkler

system. Mostly one level living with

master bedroom, huge ensuite and

separate shower, spacious kitchen with

eating area and livingroom with 12 foot

ceilings and gas fireplace, a! i

three bedrooms and two baths on

upper level, Easy level access from

kitchen te attached double garage and

i ras ! Five-year New

Nome Warany, Discover ster Lane,a. gimm eneirichs
: - ' utton Group -

secluded, gated community of only 12 West Coast

homes. Realty

soesenee

tot? Hadden Or, near Taylor Way across tram Hugo Ray Para}

Pao e een eneseersevesaseeerisesceerersseesres

LUT SIZE: nya

NEWS photos Brad Ledwidg:
- INTERIOR SIZE: Approx. 2306 SQ. FT.

ewe e mere rnseree cerns neensereseensuserens

NUMBFS UF BEQROOMS: 4

CUMBER OF FLGGRS: 2

ASKING PRICE: $419 000 - $473,000

PPPeeeeT eT errr rere rrr rrers rere eee eee

OPEN HOUSE: Sat. & Sun. t- 4pm

etc eeecnns bene w essen erecsnvesereeueare

GUSTING AGENT: Sutton Group -
West Coast Realty, 986-9321

ame een e erase reas eeueseneses senses

SPECUAL FEATURES: Quality built, secluded

location.
ASE

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